33°30′58″N 36°17′40″E / 33.51611°N 36.29444°E / 33.51611; 36.29444

Commercial Bank of Syria

Company type	Public
Industry	Banking
Founded	1967
Headquarters	Youssef Al-Azmeh Square, Damascus, Syria
Area served	Syria and abroad
Key people	Muhammad Murtada (Chairman), D. Dergham (CEO)
Net income	470 m$
Number of employees	4000
Subsidiaries	SLCB
Website	www.cbs-bank.sy

The Commercial Bank of Syria is a commercial bank with its General Administration office located in Damascus. The bank offers commercial banking services including long-term loans in Syrian pounds; armored car service; and collections services. "CBS" has dozens of offices throughout Syria.

Sanctions

Following the syrian uprising the Office of Foreign Assets Control of the U.S Department of the Treasury designated the bank as Specially Designated Nationals. OFAC designated the Commercial Bank of Syria (CBS) and its Lebanese subsidiary under the authority of Executive Order 13382 (signed on June 29, 2005), which is aimed at disrupting the activities of weapons of mass destruction proliferators and their sources of support.^[1] The European Union also imposed sanctions on the bank on October 2011 with its assets frozen.^[2]